AEV - Avenira Limited

[Evangeline]

Re: MAK - Minemakers

Andrew Drummond talked about trucking it to Tennant Creek I believe. I can't remember if he mentioned this in his boardroom radio interview or to me on the phone (the latter I think) and this was one of the reasons they were only going to produce 2-3 million tons pa.....otherwise getting too much to transport as well as concern with bringing market price down.

Would be worth ringing the company to confirm this point...seems a helluva lot to transport doesn't it?

 

[Evangeline]

Re: MAK - Minemakers

I just had another look at the ann on January 9 and trucking is implied here:

"At Wonarah, in only the Northern sector of the known mineralization, a JORC compliant 1.95 illion tonnes at 14.4% P205 was estimated by Rio Tinto. In the main zone, the most ntensely drilled to date, there were JORC compliant estimates of between 72 and 115 Mt at 2-23% P205.

This zone is adjacent to the Barkly Highway which gives direct bitumen road access to the standard gaug rail link at Tennant Creek."

 

[Sean K]

Re: MAK - Minemakers

Cheers Evangeline. Looks to be implied there but 230km by truck!! I suppose if it's $200 a ton then it's economical. Maybe.. Seems a bit far to me. Maybe a train of camels and donkeys can carry it...

 

[eric35]

Re: MAK - Minemakers

I noticed that a director (Edward Ellyard) has sold about $406000 worth of his shares. Any comment?

Does that mean he either needs money or believes that the share price will fall further?

 

[grace]

Re: MAK - Minemakers

Looks like they plan to truck the 230km on the Barkley Hwy to Tennant Creek. That might get a bit tiring after a while!

Here is some info on the setup of Phosphate Hill curtesy of BHP. A lot of infrastructure.

http://www.sirfrt.com.au/Meetings/I...eter Grunke FERTILIZERS BUSINESS OVERVIEW.pdf

 

[JTLP]

Re: MAK - Minemakers

I noticed that a director (Edward Ellyard) has sold about $406000 worth of his shares. Any comment?

Does that mean he either needs money or believes that the share price will fall further?

Eric, you can't read too much into these things. Directors are just like you and I, they need money to fund lifestyles. You must take into account that some directors of small cap companies do not make a lot of money from directors fee's etc, so perhaps selling is just to fund a lifestyle (helpign to buy house?)

The ones you have to look for is something like PRU, when a director owns 10,000 then buys on market 400,000 or something to that effect. Now that is worth watching

 

[Wilson!]

Re: MAK - Minemakers

Hey guys

Kennas, for a few free oppies I'll buy a truck and do it! Not too far when it is a P&L action - there will be enough $ in it

Hey kennas, any thoughts on the quality of grades of the phosphate at their site?

Director sold a few, there was an email form him going around, he expolained directors are investors and need money for the bills and mortgage too - old news

Good week ahead here's hoping boys and girls

 

[Sean K]

Re: MAK - Minemakers

Kennas, for a few free oppies I'll buy a truck and do it! Not too far when it is a P&L action - there will be enough $ in it

Hey kennas, any thoughts on the quality of grades of the phosphate at their site?

Director sold a few, there was an email form him going around, he expolained directors are investors and need money for the bills and mortgage too - old news

As far as transport goes, I think the donkey's are winning at the moment.

Any idea how Incitec move there's near Mt Isa. Any idea about the 'possible slurry pipeline' from the Legend deposit. Don't know anything about them. Maybe MAK can slurry to their slurry?

Grades, Incitec have 82Mt @ 24.4% at Duchess, and MAK have 72Mt (at least) @ 23% at Wonarah in the high grade area. I can't see how grades are an issue there.

Personally, I don't like directors selling. Ever. Even for Christmas presents.

 

[Wilson!]

Re: MAK - Minemakers

Thanks Kennas

Yes I imagine Incitec have it sorted, and so mak may likely model something similar, just depends on location location location I guess

Re: Grades, Incitec have 82Mt @ 24.4% at Duchess, and MAK have 72Mt (at least) @ 23% at Wonarah in the high grade area. I can't see how grades are an issue there.

That does sound good.
I was questioned on TS about the grades by somebody and wanted to come back with an appropriate response.

Got a 10 month old so time is not on my side...
So I wonder how the rest of the grades fair though
Will try and do some digging unless someone already wants to know, and care and share

 

[Wilson!]

Re: MAK - Minemakers

Hey guys

Below is a response I just posted on TS in relation to a question as to the quality of grades for Mak's phosphate.

Hope it is all accurate etc.

Hi Rileyi

Thanks for your comments, its important to always question the information presented, and the research and work behind the decisions we make

In regards to the grades for Mak's phosphate - below is a comment from another posted on ASF, and some research I did this weekend, in and around changing nappies and playing cricket

Re: Grades, Incitec have 82Mt @ 24.4% at Duchess, and MAK have 72Mt (at least) @ 23% at Wonarah in the high grade area. I can't see how grades are an issue there.

From what I have been able to gather from the Managing Director`s AGM Presentation dated 29th Nov:

• Their exploration target is 26-60million tonnes
• Working on for now 26mt at 18% = 4.7mt CaF2
• This gives mak the county's largest deposit of 26mt - the second largest is 4mt at 25% which is Speewah

They are looking to mine 3mtpa which would be 7% of total world output

World demand is currently outstripping supply and looks set to continue to do so

Whilst more miners will now look to turn previously uneconomical deposits into mines to take advantage of the rising phosphate prices, Mak is best placed to be first cab off the rank

Please refer to Vayama's post under the mak thread, on more specific numbers around production levels, and revenues, which lead to potential share price targets for Mak based solely around the phosphate deposit

Haven't go ttime to summarise the tin, tungsten, gold etc but...

There is also very little discussion on it's potential for iron ore. Mak's iron ore lease is adjacent to a 0.5billion tonne deposit (Grange Resources Southdown deposit) - so future news could be quite nice here.

They will partner out this project to develop, so low cash costs with potential high rewards

Jan / Feb 08 - Interpretation and target selection after Nov / Dec 07 areomagnetic surveying
First qtr 08 - drilling on hotspots subject to rig availability

Hope this is useful

Cheers,
Wilson

 

[Sean K]

Re: MAK - Minemakers

the potential reversal I noted above may have been confirmed with yesterday's bar. On better volume I would have more confidence.

Still no great volume, but gapped up this am. Wouldn't be surprised with the general market coming off this arvo as it's overshot futures opening, and MAK may go with it. Nice it's bounced off that support, but still into consolidation after the break up.

Detailed forced daily commentary at this time is a little fruitless as it's longer term future prospects rely on some confirmation of Wonarah and Moina potential including the mineral prices. Still some time for drilling to commence at Franklin/WS EM targets and drilling. So, some time for patience and realisation that desire for instant gratification results in a strong come down.

 

[grace]

Re: MAK - Minemakers

Looks like they plan to truck the 230km on the Barkley Hwy to Tennant Creek. That might get a bit tiring after a while!

Here is some info on the setup of Phosphate Hill curtesy of BHP. A lot of infrastructure.

http://www.sirfrt.com.au/Meetings/I...eter Grunke FERTILIZERS BUSINESS OVERVIEW.pdf

Have another look at this report, IPL use all rail from what I can gather from Phosphate Hill to Townsville and Mt Isa. Also see gas pipeline.

www.sirfrt.com.au/Meetings/IMRt/Nor...eter Grunke FERTILIZERS BUSINESS OVERVIEW.pdf

 

[Sean K]

Re: MAK - Minemakers

Ann out on drill rigs for Wonarah.

Good to know they can win these prized assets, but I won't be holding my breath for them to be on time with all the other acty going on...I say that due to their other contracting issues to date...

Anyway, the market should like they're pushing forward.

Minemakers is pleased to announce that it has secured contracts for rigs for both RC and diamond drill testing of its Wonarah rock phosphate project in the Northern Territory.

The drilling programmes will have three aims, as follows.

1. RC drilling of the Main Zone of mineralization will be aimed at:
• Infill coverage to enable a new resource estimate at a confidence level suitable for feasibility studies.
• Determination of the lateral extent and boundaries of the better mineralisation by drilling beyond the previously known mineralization limits.
• Provision of sufficient new data to enable an estimation of the underlying
additional resources in the Quartz Breccia Phosphorite. This lower mineralization has not previously been the subject of resource estimation. Additional resources in this lower unit would result in decreased mining stripping ratio and hence decreased operating costs.

2. RC drilling of the Aruwurra Prospect where relatively high grade mineralization is exposed at outcrop thus leading to the potential for an alternative initial mine site with lower operating costs as overburden should be less than at the Main Zone.

3. Diamond drilling to provide the following:
• Quality assurance checks on previous and Minemakers’ RC drilling.
• Material for follow-up metallurgical testwork.
• Geotechnical data on both the mineralized and overburden units to assist in mine planning studies as part of the planned feasibility programme.

Drilling plans have been submitted to the statutory authorities for routine approvals. Subject to these approvals and the passing of the Wet Season, drilling is planned to begin in early April 2008.

 

[imaginator]

Re: MAK - Minemakers

http://asx.com.au/asx/statistics/an...ssuerCode=MAK&timeFrameSearchType=Y&year=2008

ANN out, MAK drills!

 

[Eric]

Re: MAK - Minemakers

MAK hit 66 cents, great stuff. Could this be the resistance now or will it break through?

Eric www.tradingaustralianshares.com

 

[grace]

Re: MAK - Minemakers

Wow, big move based on getting some drill rigs in in a couple of months. They are really going to move when some "big" news comes in. Guess I'm just jealous I still don't hold.

 

[derty]

Re: MAK - Minemakers

You would think as they won't be drilling until April that it the SP will slide somewhat once this run is over, albeit hopefully down to a new level of support above the $0.45-$0.50 range. Though if it does have a couple more forays into the sub $0.45 territory I will be putting some more of these in my boots

Quite happy with today's level of interest.

 

[Sean K]

Re: MAK - Minemakers

the potential reversal I noted above may may have been confirmed with yesterday's bar.

Was a reversal...for now. :

You would think as they won't be drilling until April that it the SP will slide somewhat once this run is over,

Perhaps, but might depend on what other news comes out. They've got 3 or 4 things in the pipeline at the moment due for announcement. Moina drilling and updated resource, West Southdown aeromagnetic targets and possible partner, Story Creek JV (or not). All due.

 

[Evangeline]

Re: MAK - Minemakers

As I understand it from Andrew Drummond, mak are also metallurgical tests done on their Moina project in Tassie atm. The results should be in by end of this quarter and could also kick the sp along considerably!

 

[Sean K]

Re: MAK - Minemakers

Golly there's some quite rediculous FA valuations been put on this on the dark side, all based on ass umptions plucked from thereabouts....

However, if Rock Phos prices stay about $200 for the next 10 years, this really could do quite well, just on Wonarah..... Fingers crossed.

This is quite clearly a pole and pennant that I've identified along the way, (bit hard to identify the exact length of the 'pole' however) but if it goes to script gives quite a crazy target. Shouldn't happen really, but I wouldn't mind it!